Demonetisation: The repurcussions and benefits
Before you read my article I suggest you to go through this summary of accounts, which reflects how Demonetisation has benefited our country. Note bandi (Demonetisation) Modi's achievements Amongst all points, consider the below as well 1) No. Of Persons Filing IT Returns : 13-14. 3,31,47,372 14-15. 3,51,02,458 15-16. 3,90,57,028 16-17. 4,47,04,734 17-18. 5,43,91,232 That means Increase of 64.09% as compared to 13-14. 2) No. Of IT Returns filed Including Revised Returns: 13-14. 3,79,76,554 14-15. 4,04,33,614 15-16. 4,63,04,045 16-17. 5,57,09,086 17-18. 6,85,32,510 That means a Whopping Increase of 80.46% as compared to 13-14. Also, Please Note that number of Revised Returns have increased manifold due to Fear Instilled in Tax Evaders after Demonetisation. 3)No. Of Tax Payers: (A tax payer is a person who either has filed IT return or in whose favor, Tax has been Deducted At Source, In case he h